Arkadin SA Completes Acquisition of Scherers Conferencing, Inc.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arkadin SA, a global provider of audio and data conferencing Sharing data interactively among several users in different locations. Data conferencing is made up of whiteboards and application sharing and are often used in conjunction with an audio or videoconferencing connection. services, today announced that effective November 1, 2005 it has acquired the business of Scherers Conferencing, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , for an undisclosed amount. Scherers Conferencing is a provider of audio conferencing and web conferencing services. The acquisition is expected to be accretive to Arkadin's earnings in 2006. "I am excited to welcome Scherers and its diverse base of customers to our growing Company," said Olivier de Puymorin, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arkadin SA. "We believe this acquisition will give us an enhanced presence in the US and the combined company will benefit greatly from the economies of scale." Glenn Fleischman, President of Arkadin, Inc. said, "The Scherers team has built a great company and the synergies between the two, especially regarding international expansion opportunities for Scherers' customer base, are very attractive to us." About Arkadin Arkadin is a global provider of audio and data conferencing services with operating centers in Australia, Belgium, France, Germany, Hong Kong, Ireland, Japan, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, Spain, Sweden, the UK and the US. Companies around the world use Arkadin's audio and data conferencing services to conduct high-quality audio and data conferences that virtually connect people anywhere around the world and facilitate easy, cost-effective information sharing and discussion. Arkadin serves a wide range of multinational clients on a global basis. For more information about Arkadin, please visit: www.arkadin.com. |
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